Its turnover fell 14.7% in the first half to RON31.3 million, from RON36.5 million.

The company’s revenues rose slightly to RON50.6 million, from RON49.1 million, while its total costs dropped 20.8% in the first half to RON57.4 million, from RON72.5 million in the similar interval a year ago.

The Economy Ministry, which controls 51.9% of Romaero, said in June the company would be privatized.